American Eagle Stock Surges 20% Following Trump Endorsement on Truth Social
American Eagle Outfitters (AEO) shares rallied sharply after former U.S. President Donald TRUMP publicly endorsed the stock on his Truth Social platform. The apparel retailer's stock gained 19% on Monday, with trading volumes spiking following the unexpected political shoutout.
Market analysts note the surge coincides with controversy surrounding the company's recent Sydney Sweeney ad campaign. American Eagle's refusal to apologize for the campaign has drawn criticism from some quarters while potentially strengthening its brand recognition among other demographics.
TipRanks data indicates the stock currently trades around $10, with some analysts projecting a potential upside target of $19. The Trump-related volatility highlights how social media commentary from high-profile figures can create sudden momentum in equity markets.